Edgemoor Investment Advisors Inc. Has $5.65 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Edgemoor Investment Advisors Inc. lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 57,928 shares of the real estate investment trust’s stock after selling 5,767 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $5,651,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 109 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Alexandria Real Estate Equities in the third quarter worth about $43,000. Loomis Sayles & Co. L P raised its position in Alexandria Real Estate Equities by 3,129.4% in the third quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 532 shares in the last quarter. Spire Wealth Management raised its position in Alexandria Real Estate Equities by 72.5% in the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 250 shares in the last quarter. Finally, Private Trust Co. NA raised its position in Alexandria Real Estate Equities by 113.6% in the third quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 317 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wedbush reissued a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Royal Bank of Canada dropped their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $121.30.

Alexandria Real Estate Equities Price Performance

ARE opened at $99.30 on Monday. Alexandria Real Estate Equities, Inc. has a one year low of $93.25 and a one year high of $130.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company’s 50 day simple moving average is $98.24 and its 200-day simple moving average is $107.13. The stock has a market capitalization of $17.19 billion, a P/E ratio of 55.17, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a share repurchase plan on Monday, December 9th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.32 dividend. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.32%. Alexandria Real Estate Equities’s payout ratio is presently 293.33%.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.